$TRUMP Stalls, $MELANIA Sinks—Smart Altcoins Eye the Crown

Both Trump and Melania memecoins are significantly down on the day
We’re expecting smart money to rotate to strong altcoins
LINK, XRP, SUI, NEAR, and ONDO, stand to gain a lot

The initial euphoria of Donald Trump getting back to the Oval Office has subsided, and the price of meme coins of both the US President, and the First Lady, are dwindling.

Is it time to return to the real players? Let’s take a look at how the famed memecoins are faring today, and what our top picks for the near-term are.

$TRUMP and $MELANIA Crashing

At press time, the price of $TRUMP was $40.41, making the coin up 532% compared to the same time last week. However, compared to just a day ago, the coin lost almost a third of its value (30.41%) – from $58.08. Trump’s memecoin lost $17.61 of its value in 24 hours.

$Melania isn’t doing much better, either. From $7.41 a week ago, the token is down to $4.9, representing a 33% decline. Just a day ago, the token was worth $10.9 – a 55% drop.

There could be many causes for the crash. After all, the majority of the market is printing red this morning. However, presidential coins’ strong decline could also signal that the initial euphoria may be cooling off, and that smart money is rotating the gains into stronger altcoins.

Rotating Into Smart Altcoins

The coins we’re looking at this morning are $LINK, $SUI, $NEAR, $XRP, and $ONDO.

ChainLink (LINK) has shown real strength during these turbulent times, sitting well within its $20-$30 range ($24 at press time). $SUI, although printed four red candles on the daily, is currently sitting on support ($4.3) and could be poised for an explosive move upward.

For $NEAR, this has been the fifth time it touched the $5 support range since late December, while $XRP keeps going from strength to strength, seemingly unabated by market movements. Finally, $ONDO seems to have bounced from its $1.19 bottom, and is currently climbing up.

Meme Coins Remain Central but Risky

Memecoins are definitely the key narrative of this bull market, and it’s safe to assume they’re not going anywhere.

If nothing else, $MELANIA and $TRUMP are proof. However, the old adage that money flows from large-caps downward also works the other way around, and we’re closely monitoring key altcoins to see if they benefit from the recent Trump-mania.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.